Archive for: digital music sales

IFPI Report on Global Music Sales: Digital Music Sales Are Up

It seems like the music industry revenues are on a decline as a whole at the moment, but digital growth is up and will continue to rise over the coming years. Well that is what the IFPI is saying anyways, after their annual Recording Industry In Numbers report.

Global music sales are now 29 percent digital, though that is 49 percent (the same as physical) in the U.S.. Digital sales are 25 percent of the total in the UK, up by a fifth in 2010.

95% of All Digital Music Downloads are Illegal

The Digital Music Report is out and it claims that 95% of all digitial music downloads are illegal. Bittorrent is still on the rise, but it seems like adoption of digital music services is growing and more music is being consumed now than ever before.

CD sales are still on the rapid decline and sales of downloaded music rose by 6% to 4.6 billion U.S. dollars (3.4bn euros). Meanwhile, nearly a third of the total turnover for record companies comes from digital business.

via RouteNote